he World Bank has announced USD 4.3 billion financial aid to India through a new innovative and flexible financing arrangement to help the country fight poverty.
This arrangement, while facilitating a USD 4.3 billion increase in support to India, is designed to maintain International Bank for Reconstruction and Development’s (IBRD) which is its lending arm - net exposure within the limit of USD 17.5 billion established by it.
In a statement, the World Bank said the new arrangement will allow for special bonds to be issued by the World Bank and purchased by India, to offset additional planned lending.
From: http://ping.fm/JzNiK
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